Probably it's better than ordinary technical analysis. Every six months or so I read about charting and so forth in the IBD (I handle the paper using a glove box and appropriate Biohazard Level 4 procedures). It seems mostly designed to corral the plankton into predictable, bite-size schools for easy consumption by whales.
You must be spending a fortune in commissions on those small trades. In addition, it is frustrating to be monitoring orders and waiting to see what you get. I recommend that you reconsider placing that 10,000 market order. I promise the market maker won't screw you unless you give him the chance.